UK Nuclear Energy Programme

Tony Baldry Excerpts

Monday 21st October 2013 Commons Chamber

[Mr Davey]

Earlier this year, my right hon. Friend the Secretary of State for Business, Innovation and Skills and I published an industrial strategy for the nuclear industry in the UK to do just that. On the home-grown point, the danger is that if we do not produce energy in this country, whether through nuclear or renewables, we will be increasingly dependent on imports of gas from the other side of the world. That would leave our economy vulnerable to the supply of that gas and to vulnerable wholesale gas prices, which could hit consumers badly. That is why we need more home-grown, low-carbon energy.

[Sir Tony Baldry (Banbury) (Con)]

Will my right hon. Friend confirm that at £89.50, the strike price for Hinkley will be lower than the strike prices for offshore and onshore wind?